Soitec SOI.PA
FranceTechnology · Semiconductor Equipment & MaterialsEuronext París · EUR
157.00 EUR (−1.8%)
19 analysts
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Soitec is a French supplier of high-performance semiconductor substrates (such as SOI and GaN) for chip manufacturers, selling materials optimized for power electronics, RF, and photonics applications.
Listed on Euronext París · Symbol SOI.PA · EPA: SOI · Currency EUR
Key points
from its scores- ✓Good share-price trend9.8
- ✕Weak growth0.0
- ✕Demanding valuation1.1
- ✕Little or no dividend1.5
AI analysis
bottom line, main risk, context and newsThe strong rally (230% momentum) is not supported by current fundamentals, and the valuation leaves little room for error if the recovery is delayed.
Soitec shows a healthy balance sheet (ND/EBITDA 0.61, liquidity 3.88) but severe operational deterioration: operating margin of -10.75%, ROE of -15.20%, and revenue declining -34.6%, with an demanding valuation (forward P/E 48.84, EV/EBITDA 61.50) that discounts a recovery not yet visible. The 230% momentum contrasts with weak fundamentals, suggesting the price anticipates a turnaround that the data does not confirm.
The main risk is the combination of a -34.6% revenue decline with a forward P/E of 48.84: if the expected recovery does not materialize, the multiple could compress sharply. Added to this is exposure to semiconductor export controls and the governance risk of its French domicile.
Context and risks
Soitec operates in the semiconductor sector, an area under active regulatory and geopolitical scrutiny due to dual-use technology export controls and the rewriting of the US tariff regime (Section 301), which directly affects its supply chain and market. Additionally, its French domicile carries an elevated governance risk per the reference, adding an institutional risk premium.
Is Soitec stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 201% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 61.5 | 20.4 | +201% |
| Price / book | 4.3 | 6.3 | −32% |
| Price / sales | 9.7 | 5.3 | +83% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 1.1 out of 10 (median for Technology: 5.3).
Average analyst target: 157.00 EUR, −1.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 1.6 (sector 6.4), Growth 0.0 (sector 7.5).
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- 48.8
- EV / EBITDA
- 61.5
- Price / book
- 4.3
- Price / sales
- 9.7
- PEG
- 18.11
- Market cap
- 5.7B EUR
- Enterprise value
- 5.8B EUR
Profitability
- ROE
- −15.2%
- ROA
- −0.5%
- ROIC (approx.)
- −3.3%
- Gross margin
- 16.3%
- Operating margin
- −10.7%
- Net margin
- −37.1%
- Free cash flow
- 21.2M EUR
- FCF yield
- 0.4%
- Cash conversion
- 23%
Solvency
- Total debt
- 620.2M EUR
- Net debt
- 57.1M EUR
- Cash
- 563.1M EUR
- EBITDA
- 93.7M EUR
- Net debt / EBITDA
- 0.61
- Debt / equity
- 46.73
- Current ratio
- 3.88
- Quick ratio
- 3.08
Growth
- Revenue growth
- −34.6%
- EPS (TTM)
- −6.23 EUR
- EPS (forward)
- 3.27 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.73
- Analyst consensus
- Hold (19)
- Target price
- 157.00 EUR
- 52-week range
- 22.62 – 200.50
Recent news
All SOI.PA news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Soitec
Is Soitec stock cheap or expensive?
On EV / EBITDA, it trades 201% above the Technology median. Valuation score: 1.1 out of 10 (median for Technology: 5.3). Average analyst target: 157.00 EUR, −1.8% versus the price. This is not investment advice.
What score does Soitec get on MeridIAn Screener?
It scores 2.5 out of 10, rank 2,114 of 2,130 (better than 1% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Growth (0.0). Analysis of 08/10/2026.
How much is Soitec worth on the stock market?
Its market capitalisation is 5.7B EUR and its enterprise value, debt included, is 5.8B EUR.
How much debt does Soitec have?
Its net debt (debt minus cash) is 57.1M EUR. That is 0.61 times its EBITDA; the Technology median is 0.20.
Does Soitec pay a dividend?
It pays no dividend, or almost none.
How has Soitec stock performed over the last year?
It has risen 273.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 22.62 and 200.50 EUR. Past performance does not guarantee future results.
What do analysts think of Soitec?
19 analysts cover it; their average recommendation is “Hold” and their average target is 157.00 EUR (−1.8% versus the price). It is an estimate, not market data.